BTC Price Forecasts: $90k in 2022 and $406k by 2030
Most important points:
- A panel of experts was asked to predict Bitcoin’s future performance
- 58% of panelists say BTC price won’t fall if interest rates rise
- 30% think there is a cryptocurrency bubble
BTC Price Predictions: Will Bitcoin (BTC) Recover This Year? That’s a rock-solid yes, according to an expert panel that predicts the cryptocurrency will hit US$90,000 by 2022.
According to the latest Bitcoin Price Predictions Report from Finder.com, the panel predicts that it will peak at $93,717 in 2022.
The panel in question was made up of fintech, cryptocurrency and NFT specialists. They also believe that BTC will end the year at $76,360.
David Klinger, founder of Coteries Corporation, gave a prediction in line with the panel’s average. He expects BTC to peak at $100,000 in 2022 before ending the year at $70,000. Klinger: “As Bitcoin becomes more accessible through more established financial institutions and products such as ETFs, it will continue to rise in the short to medium term.”
Vanessa Harris, Chief Product Officer at Permission, says Bitcoin is best suited to be the storehouse of value that many investors will seek to weather higher inflation. Her prediction is to hit the high notes – hitting $220,000 this year.
Daniel Polotsky, the founder of CoinFlip thinks BTC will peak at a much lower price of $60,000. But it will still prove to be a popular hedge against inflation. “The global economy looks a bit shaky, with inflation reaching 7% in the US. It is possible that the asset bubble created by the Fed by keeping interest rates near 0% for more than a decade may spill over into Bitcoin.”
BTC Price Forecasts: Other Statistics
One in five panellists say rising interest rates will push the price of BTC down. However, 50% say no. And 31% say they aren’t sure.
Gavin Smith, the CEO of Panxora Group believes that the rise in interest rates will negatively affect the price of BTC. But any decline will be temporary. “The first half of 2022 will be dominated by concerns about higher interest rates affecting all risk assets, including Bitcoin, we wouldn’t be surprised if Bitcoin falls another 30% from current levels. If inflation continues to climb, we expect Bitcoin to decouple from other risky assets in the second half of 2022, leading to a rally to new highs towards the end of the year.”
BTC Price Forecasts: 2025
On average, the panel expects BTC to jump to $192,800 by the end of 2025. After that, it will skyrocket to over $406,400 by 2030.
Bilal Hammoud, the CEO of NDAX, expects a decline in the near term. This is due to the interest rate hikes. But he thinks BTC will rise to $250,000 by the end of 2025. And, to $500,000 by the end of 2030. “Inflation is out of control, Bitcoin could fall temporarily if interest rates go up. In my own opinion, that decline will be temporary.”
John Hawkins, a Senior Lecturer at the University of Canberra thinks the price of BTC will fall. This is after the interest rate hikes. They will remain moderate for some time to come. “Bitcoin is a speculative bubble and higher interest rates leading to a revised attitude to speculative investment in general may be what is bursting the bubble.”
The majority of panellists do not think there is a bubble. Jonathan Zeppettini, operations leader of Decred International, says that if there were a prolonged bear market, Bitcoin would be the currency to watch. “In a protracted bear market, you would expect blue chips like Bitcoin to do best as money flows away from more speculative assets to what is widely seen as a safe haven to wait out the storm.”
The general sentiment according to 61% of panelists seems to be that now is the time to buy Bitcoin. 29% say HoDL. 10% say sell.